PT BANK CENTRAL ASIA TBK Update: March 6 th , 2015
- Net profit grew 15.7% to Rp 16.5 trillion
- Healthy asset quality, liquidity and capital position
Jakarta, 5 March 2015 - PT Bank Central Asia Tbk (IDX: BBCA) successfully booked a solid financial performance throughout the year 2014. Net Interest Income rose 21.2% to Rp 32.0 trillion. Non Interest Income grew by 13.5% to Rp 9.0 trillion. Increased Operating Income promoted growth in Net Profit by 15.7% to Rp 16.5 trillion in 2014, from Rp 14.3 trillion in 2013.
This achievement was supported by a quality loan portfolio, strong funding franchise, sustained operational efficiency and profit contribution from our subsidiaries.
BCA's President Director, Mr. Jahja Setiaatmadja, noted that, "2014 was a year of economic and political transition. We are delighted to report that BCA continued to post solid financial results in 2014 and maintain liquidity and asset quality, while providing top quality service to the Bank's customers."
The total loan portfolio increased by Rp 34.3 trillion, or 11.0%, to Rp 346.6 trillion as of December 31, 2014, with the growth primarily derived from investment and working capital loans channeled into the corporate, commercial and SME segments. Corporate loans rose 16.9% to Rp 120.5 trillion while commercial & SME loans increased by 9.7% to Rp 134.2 trillion. In 2014, BCA pulled back in consumer lending and recorded moderate growth of 6.1% to Rp 92.3 trillion. Mortgages grew 3.2% to Rp 54.7 trillion with the majority of growth occurring in the fourth quarter of 2014 following previous four quarters of relatively flat growth. The growth was due to reduction in mortgage lending rates in September 2014. Vehicle loans increased 8.3% to Rp 28.9 trillion, while credit cards outstanding rose 18.5% to Rp 8.8 trillion. BCA took steps to adopt a more cautious policy in lending, reflected in the NPL ratio being maintained at a low level of 0.6% with loan coverage ratio of 324.2%.
BCA succeeded in maintaining ample liquidity with the support of increased third party funds of Rp 38.4 trillion, 9.4% growth, to Rp 447.9 trillion at the end of 2014. In the midst of a volatile macro environment, Current Accounts and Savings Accounts (CASA) recorded a positive growth of 4.2%, reaching Rp 336.4 trillion by the end of 2014. Resilient CASA balances were maintained due to consistently high transaction volume and frequency catalyzed by the Bank's large number of interconnected individual and business transaction banking customers. Current Accounts increased by 4.1% to Rp 107.4 trillion in 2014, compared with Rp 103.2 trillion in 2013. Savings Accounts increased to Rp 229.0 trillion in 2014 from the previous year's position of Rp 219.7 trillion. To maintain an overall solid liquidity position, BCA proactively increased time deposits rates for certain categories, resulting in a significant growth of 28.8% to Rp 111.5 trillion at the end of 2014.
The LDR remained at a healthy ratio of 76.8% while secondary reserves (excluding government bonds) totaled Rp 63.9 trillion or 14.3% of third party funds in 2014. BCA's Capital Adequacy Ratio (CAR) stood at 16.9% in 2014, compared to 15.7% in 2013, reinforcing BCA's solid capital position.
"Going forward, BCA will continue to cultivate customer confidence by providing high quality, secure and reliable transaction banking services that will keep us ahead of the competition. BCA seeks to strive a balance between opportunities and risk, and will also keep a close watch on developments to the macro situation to assure sound banking practices." said Mr. Jahja Setiaatmadja, President Director of BCA.
In recent years the Bank has developed a wide and comprehensive range of financial products and services, including the development of business lines through subsidiaries in the fields of Islamic banking (BCA Syariah), securities (BCA Sekuritas), general insurance (BCA Insurance), remittance (BCA Finance Limited) and motorcycle financing (Central Santosa Finance). These businesses are showing growing results and are expected to contribute to even greater profitability in the future. BCA Life (life insurance), owned by BCA's securities subsidiary, began operations in the 4th quarter 2014 and will add to the Bank's ability to provide a greater array of financial products and solutions for BCA's customers. Our long established subsidiary BCA Finance (4-wheeler financing) continues to make a significant contribution to our bottom line.
About PT Bank Central Asia Tbk (as at 31st Desember 2014)
BCA is one of the leading commercial banks in Indonesia with a core focus on transaction banking business and providing loan facilities and solutions to the corporate, commercial & SME and consumer segments. By the end of 2014, BCA had the privilege of providing services to the 13 million customer accounts through its extensive network of 1,111 branches, 16,694 ATMs and hundreds of thousands of EDCs interlinked with its internet & mobile banking services.
PT BANK CENTRAL ASIA TBK
Corporate Secretary
Public Relations
For more information, please contact:
Public Relations
Address: Jl. MH Thamrin No. 1
Menara BCA Lt. 22
Jakarta Pusat
Telephone: (021) 2358-8000
Fax: (021) 2358-8300
E-mail: humas@bca.co.id
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